European Metals Holdings Limited (LSE:EMH) has secured a $36 million grant from the European Union’s Just Transition Fund to support the ongoing development of its flagship Cinovec Lithium Project in the Czech Republic. This funding highlights the project’s strategic role in Europe’s shift toward clean energy and underscores its recognition as a critical asset by both the EU and the Czech government.
The grant is contingent upon the successful completion of an Environmental Impact Assessment, expected by the end of 2025. In parallel, the company is progressing with its Definitive Feasibility Study and navigating the environmental permitting process. These milestones are poised to strengthen European Metals’ position in the fast-growing lithium market, aligning with increasing demand across the continent for locally sourced battery materials.
The financial backing from the EU is expected to accelerate development while reinforcing the project’s role in securing Europe’s critical raw materials supply chain.
About European Metals Holdings Limited
European Metals Holdings is a mining and exploration company focused on the development of lithium resources essential to Europe’s energy transition. Its principal asset, the Cinovec Project, is located in the Czech Republic and is considered one of Europe’s most significant undeveloped lithium deposits. The project plays a vital role in supporting the EU’s goal of building a secure and sustainable battery supply chain for electric vehicles and renewable energy systems.
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